FTX Unit Sees Its Digital Assets Seized By The Bahamas Government
The bankrupt crypto exchange revealed in a court filing that former CEO Sam Bankman-Fried was instructed by “Bahamas regulators” to transfer said assets to government custody. Even in bankruptcy, FTX and its former CEO Sam Bankman-Fried still attract controversy. The Bahamas Securities Commission stated Thursday night that it had ordered the transfer of all digital […]
Twitter Vs. Employees: How Elon Musk’s HR-Style Has Been So Far
AOC thanked laid off Twitter employees and Musk replied “you’re welcome”–bizarrely blurring the line on how the new chief Twit takes management seriously. From laying off more than half of the workforce to installing an “extremely hardcore” working environment for those that remain, Elon Musk’s Twitter is rapidly unfolding the direction (or the lack thereof, […]
FTX Collapse Leads To Calls For Crypto Market Regulation, With Sue Ennis
Joining us today on the Daily Dive is Suzanne Ennis, VP of Investor Relations and Corporate Development at Hut 8 Mining (TSX: HUT). Sue returns to the show today to share her insights on FTX and today’s crypto space, including Brazil’s new crypto ETF. We also discuss Ethereum’s switch from proof of work to proof […]
Indonesia: OPEC, But For Nickel; Australia, Canada Say No
Indonesian Investment Minister Bahlil Lahadalia floated the notion of an alliance of nickel exporting countries at the Group of 20 Summit in Bali this week. The minister argued that the international organization would assist to harmonize national policies on the in-demand battery metal. The OPEC-like proposal was discussed by the Indonesian minister with counterparts in […]
Out Of The Metaverse: Zuckerberg Tells Employees That WhatsApp, Messenger Will Drive Revenue
It seems that Meta Platforms Inc (Nasdaq: META) CEO Mark Zuckerberg has finally shifted his focus away from the metaverse sinkhole. Speaking to anxious employees at a company-wide meeting on Thursday, the CEO said that WhatsApp and Messenger would propel the company’s revenue growth. The meeting comes a little over a week after Meta announced […]
Musk’s Twitter Deal Could Still Face US National Security Review
Contrary to what Treasury Secretary Janet Yellen previously said, it looks like Elon Musk’s $44 billion Twitter takeover has not been cleared from a national security review. The deal is raising concerns as his foreign partners may be able to access user data, according to Bloomberg which cited people familiar with the matter. Secretary Yellen […]
Mind Cure To Acquire LNG Energy Group In RTO Deal
Mind Cure Health (CSE: MCUR) is set to enter the energy sector. The firm this morning announced that it has signed a binding letter of intent to acquire LNG Energy Group, in what will become a business combination. The transaction will amount to a reverse takeover by LNG Energy, whom is currently a private operator […]
Africa Energy Sees Exploration Well Fail To Hit Commercial Hydrocarbons
Africa Energy Corp (TSXV: AFE) is out several million after an offshore oil and gas exploration well turned up effectively dry. The firm indicated this morning that the Gazania-1 exploration well failed to hit commercial hydrocarbons. The well, which Africa Energy owns a 27.5% interest in, is estimated to have cost the company US$5 million […]
LNG Shipping Rates Reach a Remarkable US$500,000 Per Day
Transportation rates paid to specialized ship owners by companies which convert natural gas to liquefied form continue to defy gravity. The demand for liquefied natural gas (LNG) and for LNG transportation services will likely remain strong in Europe and Asia for as long as Europe plans to eschew the Russian natural gas (probably a long time). […]
FDA Declares Lab-Grown Chicken Safe for Human Consumption
The US Food and Drug Administration (FDA) has approved lab-grown meat for human consumption, marking the first step in green-lighting the product for eventual distribution to American households. The FDA on Wednesday said it didn’t find any safety concerns with a cultivated chicken product manufactured by Upside Foods, albeit stressing that the approval doesn’t mean […]